How much power should shareholders have when it comes to running a company? Most corporate boards pay little attention to shareholders, but a new rule passed by the SEC may change that, allowing the people who actually own a co…
When companies use the word “immaterial” to describe errors or irregularities in their previously reported numbers, what they’re trying to say is that their mistakes involved such small amounts that they don’t really matter. To…
Whatever the cause of last May’s “flash crash,” the big question is how another crash can be avoided. According to Keith Saxton, Global Director of Financial Markets at IBM, “What we’ve learned is that the regulators don’t have the same tools as the people playing the market. We have to tool up the regulators and supervisors to see what’s actually going on in near real time.”
Continue reading IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’
IBM Global Financial Markets Chief on Preventing Another ‘Flash Crash’ originally appeared on DailyFinance on Fri, 01 Oct 2010 11:40:00.
U.S. District Court Judge Jed Rakoff is famous — or infamous — for his zeal in righting Wall Street’s wrongs. But the Galleon insider trading civil suit he’s presiding over has just earned him a wrist-slap from the Second Cir…
A Belgian court has convicted Jo Lernout and Pol Hauspie, the founders of the once high-flying speech recognition software company Lernout & Hauspie Speech Products, of fraud for using a variety of means to artificially inflate…